« previous next »

Author Question: Sellers in a perfectly competitive market: A) are price takers. B) sell differentiated goods and ... (Read 91 times)

lbcchick

  • Hero Member
  • *****
  • Posts: 550
on: Jun 29, 2018
Sellers in a perfectly competitive market:
 
  A) are price takers.
  B) sell differentiated goods and services.
  C) are not allowed to exit the market.
  D) are small in number.

Question 2

The world price of steel is 100 a ton. Before international trade, the price of steel in India is 60 a ton. If India begins trading internationally, the price of steel in India ________ and steel mills in India ________ the quantity they produce.
 
  A) rises; increase
  B) falls; increase
  C) does not change; increase
  D) rises; decrease
  E) falls; decease


deja

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Jun 29, 2018
Answer to Question 1

A

Answer to Question 2

A


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

Your chance of developing a kidney stone is 1 in 10. In recent years, approximately 3.7 million people in the United States were diagnosed with a kidney disease.

Did you know?

More than 50% of American adults have oral herpes, which is commonly known as "cold sores" or "fever blisters." The herpes virus can be active on the skin surface without showing any signs or causing any symptoms.

Did you know?

Amphetamine poisoning can cause intravascular coagulation, circulatory collapse, rhabdomyolysis, ischemic colitis, acute psychosis, hyperthermia, respiratory distress syndrome, and pericarditis.

Did you know?

Fewer than 10% of babies are born on their exact due dates, 50% are born within 1 week of the due date, and 90% are born within 2 weeks of the date.

Did you know?

There are actually 60 minerals, 16 vitamins, 12 essential amino acids, and three essential fatty acids that your body needs every day.

Eye ball perfectly labelled (map) Eye ball perfectly labelled (map)
All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co All of the homes in this new neighborhood of Brentwood, California, are for sale, evidence of the co
A substrate and its competitive inhibitor A substrate and its competitive inhibitor
Price of Computers, 1982–2010 Price of Computers, 1982–2010
Competitive firms and maximization Competitive firms and maximization
Markets and Institutions Market Story Problem Markets and Institutions Market Story Problem
Video: Calvin cycle (The light-independent reactions )

For a complete list of videos, visit our video library